Lam Research Corp (LRCX)

Gross profit margin

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Gross profit (ttm)	US$ in thousands	7,052,800	6,670,830	6,475,900	7,094,790	7,776,930	8,419,310	8,630,320	8,231,890	7,871,800	7,686,490	7,650,000	7,275,880	6,805,310	6,170,440	5,557,320	5,133,160	4,608,690	4,409,250	4,316,580	4,281,970
Revenue (ttm)	US$ in thousands	14,900,550	14,053,900	14,128,670	15,638,080	17,234,970	18,659,460	18,857,280	17,817,060	17,041,560	16,545,730	16,327,040	15,546,390	14,410,590	13,061,100	11,727,660	10,866,340	9,863,970	9,435,650	9,382,630	9,349,500
Gross profit margin		47.33%	47.47%	45.84%	45.37%	45.12%	45.12%	45.77%	46.20%	46.19%	46.46%	46.85%	46.80%	47.22%	47.24%	47.39%	47.24%	46.72%	46.73%	46.01%	45.80%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,052,800K ÷ $14,900,550K
= 47.33%

The gross profit margin of Lam Research Corp has shown some fluctuations over the past several quarters. The margin has generally been in the range of 45-47%, indicating the company's ability to generate profits from its core business activities after accounting for direct costs of production.

The trend in the gross profit margin suggests that the company has been able to maintain a relatively stable level of profitability, with some minor variations. The margin peaked at around 47.5% in recent quarters, showing a strong ability to control production costs and maximize the profitability of its products and services.

Overall, the gross profit margin analysis indicates that Lam Research Corp has been effectively managing its production costs and pricing strategies to sustain its profitability levels in a competitive market environment. It is essential for the company to continue monitoring and improving its cost efficiency and product pricing strategies to maintain and enhance its financial performance over time.